For five months of this year Azerbaijan produced 672.9 kg of gold, 65.1% more than the same period last year. In the first half of 2013 Azerbaijan oilfield operating company upgraded gold processing plant.
Company Anglo Asian Mining (AAM) PLC is a gold producer in Azerbaijan. It has 1962 square meters. km prospective exploration portfolio in accordance with the Production Sharing Agreement (PSA), signed in 1997 for 30 years.
The company developed the first gold / copper mine in May 2009 Kedabek. Gold production in 2013 was 52,068 ounces. The company is also developing a second deposit "Gosh 2, which is located 50 km away from the first. Gosh forecast AAM, will produce about 15 000-20 000 ounces of gold annually. Due to the proximity with Kedabek, ore will be processed at the plant Azerbaijan fishing company operating in Kedabek area.
Production plan for Anglo Asian Mining 2014 is 62 000-67 000 ounces of gold, the company said.
In addition to gold, according to the State Statistics Committee, the company made this year of 173.1 kg of silver, 49% fewer than five months in 2013. - 08D-
Economics
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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According to data from the Baku City Statistical Department, the retail trade turnover in Azerbaijan’s capital, Baku, increased by 5% year-on-year from January to November 2024, reaching 31.6 billion manats. This growth reflects the steady recovery of the economy and consumer confidence amid broader market stability.
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